Mumbai, Dec. 22 -- Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday.
NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
While existing home sales climbed by less than expected, they still reached their highest level since hitting an annual rate of 4.27 million in February.
The modest monthly increase came as existing home sales in the Northeast surged by 4.1 percent to an annual rate of 510,000, and existing home sales in the South jumped by 1.1 percent to an annual rate of 1.89 million.
Meanwhile, exist...